Ultrain (UGAS)

Overview

Ultrain focuses on building a high performance decentralized blockchain platform. Creating the programmable business society!

Detailed description

Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms.

With the world's leading blockchain tech vision, Ultrain optimizes trusted computing to the highest level. Ultrain is creating World's first operating blockchain ecosystem, which is capable of doing process level lifecycle management for smart contract.

Problem

The blockchain infrastructure should be able to support large-scale business applications with high performance, high service quality and low cost. However,, the existing public blockchain technologies cannot support large-scale business applications. There are two main problems here:

Low system trading performance: Take Bitcoin as an example. The transaction frequency supported network-wide is about 7 transactions/second, and acknowledging one transaction takes 1 hour. We can compare it with the mainstream payment transaction system. The payment peak of Alipay on Double Eleven of 2017 was 265,000 transactions/second. The difference between the two is almost 40,000 times. This system performance obviously cannot support large-scale business applications.

Low smart contract performance: The existing smart contracts have the following problems:

Limitation on the quantity of lines of smart contract code.

Limitation on the execution time of smart contracts. The current smart contracts basically need to be completed within a consensus, which greatly limits the complexity of smart contracts.

Execution sequence of smart contracts: The existing smart contracts can only be executed in a serial manner, while in sophisticated business logic, parallel execution of smart contracts is a basic requirement.

The performance problem of the new public blockchain urgently needs to be solved so that the blockchain can become a true IT infrastructure and support large-scale business applications.

Solution

Based on Ultrain, we are committed to providing a computing service called trusted computing. This is a brand-new computing service model that differs from traditional cloud computing. Compared with traditional cloud computing, it is a new computing model based on the blockchain architecture. This computing model includes CPU computing, GPU computing, memory computing, hard disk resources, bandwidth resources, etc., which can all be included within the scope and framework of the entire trusted computing. All the computing has the characteristic of blockchain computing, that is, all data based on trusted computing and operations on these data cannot be tampered with or destroyed and are transparent to all and traceable.

This service is a brand-new blue ocean for businesses that need to establish and use business models at low trust costs. Ultrain provides the following features in order to implement the service capability of trusted computing:

High Performance ComputingThrough the use of a dynamic threshold algorithm and leading global device IC system, Ultrain offers better computational performance while guaranteeing decentralization and security of the network.

Trusted Computing Creates ValueUltrain offers more steady and efficient calculation. It is also capable of dealing with more complicated concurrency, which creates value to serve society better.

Democratic Voting SystemPeople with more resources in Ultrain's blockchain economic system that are concerned about the health of the system have more voting weight.

User Friendly Smart ContractUltrain's design is based on the Javascript language. It significantly improves the user-friendliness of smart contracts and simplifies the developer adoption process.

Features

Decentralized system designDecentralized system design with no central node for bettter security level of the network; whereas the algorithm adapts decentralized design that guarantees a distributed computation network

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :UGAS

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 UGAS

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Activity

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